Citigroup Inc. (NYSE:C) Shares Sold by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB trimmed its position in Citigroup Inc. (NYSE:C) by 5.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 77,800 shares of the company’s stock after selling 4,500 shares during the period. E. Ohman J or Asset Management AB’s holdings in Citigroup were worth $4,870,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. POM Investment Strategies LLC purchased a new position in shares of Citigroup during the 2nd quarter worth $25,000. Northwest Investment Counselors LLC purchased a new position in Citigroup during the third quarter worth about $28,000. Beacon Capital Management LLC boosted its holdings in Citigroup by 85.5% in the 1st quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock valued at $29,000 after purchasing an additional 212 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Citigroup in the 2nd quarter valued at approximately $31,000. Finally, Triad Wealth Partners LLC purchased a new stake in shares of Citigroup during the 2nd quarter valued at approximately $32,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Stock Performance

NYSE C opened at $62.99 on Friday. The company has a fifty day moving average of $61.67 and a two-hundred day moving average of $61.95. The company has a market capitalization of $120.15 billion, a PE ratio of 17.64, a P/E/G ratio of 0.74 and a beta of 1.44. Citigroup Inc. has a 1 year low of $38.17 and a 1 year high of $67.81. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.94 and a quick ratio of 0.94.

Citigroup (NYSE:C) last announced its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.20. The firm had revenue of $20.32 billion during the quarter, compared to analysts’ expectations of $19.86 billion. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. The business’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.52 EPS. As a group, analysts expect that Citigroup Inc. will post 5.76 earnings per share for the current year.

Citigroup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th will be issued a $0.56 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.56%. Citigroup’s payout ratio is 62.75%.

Analysts Set New Price Targets

C has been the subject of several recent analyst reports. Evercore ISI raised their target price on Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 16th. Piper Sandler upped their target price on shares of Citigroup from $70.00 to $73.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. The Goldman Sachs Group decreased their price objective on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Bank of America lifted their target price on shares of Citigroup from $77.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Finally, Oppenheimer lowered their price target on Citigroup from $92.00 to $91.00 and set an “outperform” rating for the company in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Citigroup has an average rating of “Moderate Buy” and an average price target of $71.06.

Citigroup Company Profile

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.